No. of Recommendations: 0
TourDeFarce: "I would like to add that the calculators can be helpful when computing the relative values of pension annuities offered by an employer. For example, let's say your employer offers the option of a monthly annuity or a one time lump-sum payment. You can plug in the figures for the annuity, determine it's current "street value" and compare it to what your employer is offering."

Excellent suggestion.

"Also, note that some annuities offer survivor benefits (but reduce payments accordingly). I have been told that in general</> it's best not to take this option but instead take out term life to cover the survivor."

Run the numbers.

Also, how do you cover the risk of outliving the term of the term insurance and how do you cover the expense of late in life in insurance (whether term or permanent)?

Regards, JAFO

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